Added to YB: 2026-06-26
Pitch date: 2026-06-24
PSUS [neutral]
Pershing Square USA, Ltd.
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Company Info
Pershing Square USA, Ltd. is a close-ended equity fund launched and managed by Pershing Square Capital Management, L.
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Watchlist Radar - Pershing Square USA, Ltd.
PSUS (watchlist): Ackman's new closed-end fund IPO'd Apr at $5B (vs $10B target), dropped 18% on day 1. Trades at 16% NAV discount vs 6-8% typical for CEFs. Predecessor fund returned 16.2% annually over 20+yrs; London CEF buys back discounted shares. Mgmt co PS may be more interesting—earns fees from 2 CEFs + Howard Hughes, all permanent capital.
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